SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Beierbach Barry E (Last) (First) (Middle) 3993 W. SAM HOUSTON PARKWAY N. SUITE 100 (Street) HOUSTON TX 77043 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol TESCO CORP [ TESO ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Vice President - Top Drives
	3. Date of Earliest Transaction (Month/Day/Year) 06/08/2007
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/08/2007		M		5,025	A	$9.1(1)	6,219	D
Common Stock	06/08/2007		M		3,300	A	$7.18(2)	9,519	D
Common Stock	06/08/2007		S		25	D	$30.67(3)	9,494	D
Common Stock	06/08/2007		S		100	D	$30.82(4)	9,394	D
Common Stock	06/08/2007		S		100	D	$30.85(5)	9,294	D
Common Stock	06/08/2007		S		100	D	$30.79(6)	9,194	D
Common Stock	06/08/2007		S		100	D	$30.73(7)	9,094	D
Common Stock	06/08/2007		S		100	D	$30.79(6)	8,994	D
Common Stock	06/08/2007		S		300	D	$30.8(8)	8,694	D
Common Stock	06/08/2007		S		300	D	$30.56(9)	8,394	D
Common Stock	06/08/2007		S		700	D	$30.86(10)	7,694	D
Common Stock	06/08/2007		S		1,000	D	$30.51(11)	6,694	D
Common Stock	06/08/2007		S		1,500	D	$30.45(12)	5,194	D
Common Stock	06/08/2007		S		4,000	D	$30.78(13)	1,194	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option to Purchase	$7.18(2)	06/08/2007		M			3,300	(14)	05/06/2011	Common Stock	3,300	$0	0	D
Option to Purchase	$9.1(1)	06/08/2007		M			5,025	(15)	05/13/2012	Common Stock	5,025	$0	2,475	D

Explanation of Responses:

1. Based on the closing rate of exchange of the Bank of Canada on the date of grant, the exercise price was converted to US $9.10. The actual exercise price was C $11.52. Based on the closing rate of exchange of the Bank of Canada on the date of exercise (6/8/2007), the converted price is US $10.87.

2. Based on the closing rate of exchange of the Bank of Canada on the date of grant, the exercise price was converted to US $7.18. The actual exercise price was C $9.89. Based on the closing rate of exchange of the Bank of Canada on the date of exercise (6/8/2007), the converted price is US $9.33.

3. The sale price was converted from the actual per share price of C $32.52 using the closing rate of exchange of the Bank of Canada on the date of sale (06/08/2007).

4. The sale price was converted from the actual per share price of C $32.68 using the closing rate of exchange of the Bank of Canada on the date of sale (06/08/2007).

5. The sale price was converted from the actual per share price of C $32.71 using the closing rate of exchange of the Bank of Canada on the date of sale (06/08/2007).

6. The sale price was converted from the actual per share price of C $32.64 using the closing rate of exchange of the Bank of Canada on the date of sale (06/08/2007).

7. The sale price was converted from the actual per share price of C $32.58 using the closing rate of exchange of the Bank of Canada on the date of sale (06/08/2007).

8. The sale price was converted from the actual per share price of C $32.65 using the closing rate of exchange of the Bank of Canada on the date of sale (06/08/2007).

9. The sale price was converted from the actual per share price of C $32.40 using the closing rate of exchange of the Bank of Canada on the date of sale (06/08/2007).

10. The sale price was converted from the actual per share price of C $32.72 using the closing rate of exchange of the Bank of Canada on the date of sale (06/08/2007).

11. The sale price was converted from the actual per share price of C $32.35 using the closing rate of exchange of the Bank of Canada on the date of sale (06/08/2007).

12. The sale price was converted from the actual per share price of C $32.28 using the closing rate of exchange of the Bank of Canada on the date of sale (06/08/2007).

13. The sale price was converted from the actual per share price of C $32.63 using the closing rate of exchange of the Bank of Canada on the date of sale (06/08/2007).

14. The Option to Purchase vested in three annual installments of 3,400, 3,300 and 3,300 respectively beginning 05/06/2005.

15. The Option to Purchase vested in three annual installments of 2,550, 2,475 and 2,475 respectively beginning 05/13/2006.

Remarks:

The Reporting Person's sale of Tesco common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 118 shares. In a filing on April 8, 2007, the Reporting Person reported and paid Tesco the full amount of the profit realized in connection with the short-swing transaction resulting from the sale of 118 shares. For a subsequent sale of shares on June 8, 2007, the Reporting Person has agreed to pay Tesco the additional profit recognized in the sale of an additional 118 shares at a price of $30.86/share. The sales price on the April 8, 2007 report was $26.44/share. The details on the two purchase transactions are: 57 shares at a price of $19.68 per share on 2/19/2007; and 61 shares at a price of $20.88 per share on 3/5/2007. The Reporting Person has agreed to pay to Tesco C $244.26 representing the full amount of the additional profit realized in connection with the second short-swing transaction, less transaction costs.

	James A. Lank, Attorney-in-Fact	06/12/2007
	** Signature of Reporting Person	Date
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